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Daily 2026-02-28
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Sat, Feb 28 | 3:09 read time
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<mj-raw>
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View in browser
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<img alt="Finimize Daily Brief" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252Ffss%252Fflbsxd%252F42744003-0ed7-4075-984d-49862ec6ae9b%252FDB_header_animated_2025_Updated_Transparent.gif/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCIsInRpbWUiOjE3NzIyMzU1NDQuMjMwNTAyNn0:1vw7QG:EifAz_J3Gp4rUnD1JwdrV6pRJy0JJsqctm2mX3OcwGc" style="border:0;display:block;outline:none;text-decoration:none;height:auto;width:100%;font-size:13px;" width="568"/>
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👀
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WHAT'S
GOING ON
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<td style="direction:ltr;font-size:0px;padding:0;padding-left:16px;padding-right:16px;text-align:center;">
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<table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%">
<tbody>
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<td style="vertical-align:top;padding:0;">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="" width="100%">
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<td align="left" style="font-size:0px;padding:10px 25px;padding-top:2px;padding-right:0;padding-bottom:4px;padding-left:0;word-break:break-word;">
<div style="font-family:Trispace,monospace;font-size:12px;line-height:1.5;text-align:left;color:#7F879C;">
All metrics are as of the latest market close.
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<![endif]-->
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<table align="center" border="0" cellpadding="0" cellspacing="0" role="presentation" style="background:#f8f9ff;background-color:#f8f9ff;width:100%;">
<tbody>
<tr>
<td style="direction:ltr;font-size:0px;padding:20px 0;padding-bottom:16px;padding-left:16px;padding-right:16px;padding-top:0;text-align:center;">
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<table role="presentation" border="0" cellpadding="0" cellspacing="0"><tr><td class="" style="vertical-align:top;width:251.92px;">
<![endif]-->
<div class="mj-column-per-47 mj-outlook-group-fix" style="font-size:0px;text-align:left;direction:ltr;display:inline-block;vertical-align:top;width:100%;">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%">
<tbody>
<tr>
<td style="vertical-align:top;padding:0;">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="" width="100%">
<tbody>
<tr>
<td align="left" style="font-size:0px;padding:0;word-break:break-word;">
<table border="0" cellpadding="0" cellspacing="0" style="color:#000000;font-family:Inter,sans-serif;font-size:13px;line-height:22px;table-layout:auto;width:100%;border:none;" width="100%">
<tbody>
<tr>
<td style="font-size:12px;font-weight:700;width:40%;vertical-align:baseline;padding:10px 0 0 0">
S&P 500
</td>
<td style="font-size:12px;color:#EA3459;font-weight:500;font-family:Trispace,monospace;width:30%;vertical-align:baseline;padding:10px 0 0 0">
0.45% ▼
</td>
<td style="font-size:12px;width:30%;vertical-align:baseline;text-align:right;padding:10px 0 0 0;font-family:Trispace,monospace">
6,878
</td>
</tr>
<tr>
<td style="font-size:12px;font-weight:700;width:40%;vertical-align:baseline;padding:10px 0 0 0">
GOLD
</td>
<td style="font-size:12px;color:#16B166;font-weight:500;font-family:Trispace,monospace;width:30%;vertical-align:baseline;padding:10px 0 0 0">
1.60% ▲
</td>
<td style="font-size:12px;width:30%;vertical-align:baseline;text-align:right;padding:10px 0 0 0;font-family:Trispace,monospace">
$5,277
</td>
</tr>
<tr>
<td style="font-size:12px;font-weight:700;width:40%;vertical-align:baseline;padding:10px 0 0 0">
BITCOIN*
</td>
<td style="font-size:12px;color:#EA3459;font-weight:500;font-family:Trispace,monospace;width:30%;vertical-align:baseline;padding:10px 0 0 0">
2.67% ▼
</td>
<td style="font-size:12px;width:30%;vertical-align:baseline;text-align:right;padding:10px 0 0 0;font-family:Trispace,monospace">
$65,689
</td>
</tr>
<tr>
<td colspan="3" style="font-size:10px;font-family:Trispace,monospace;color:#7F879C;padding:0">
*24-hour change
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
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</td><td class="" style="vertical-align:top;width:32.16px;">
<![endif]-->
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<tbody>
<tr>
<td style="vertical-align:top;padding:0;">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="" width="100%">
<tbody>
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<td align="left" style="font-size:0px;padding:10px 25px;padding-top:0;padding-right:0;padding-bottom:0;padding-left:0;word-break:break-word;">
<div style="font-family:Inter,sans-serif;font-size:1px;line-height:1.5;text-align:left;color:#000000;">
</div>
</td>
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</td>
</tr>
</tbody>
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</td><td class="" style="vertical-align:top;width:251.92px;">
<![endif]-->
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<table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%">
<tbody>
<tr>
<td style="vertical-align:top;padding:0;">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="" width="100%">
<tbody>
<tr>
<td align="left" style="font-size:0px;padding:0;word-break:break-word;">
<table border="0" cellpadding="0" cellspacing="0" style="color:#000000;font-family:Inter,sans-serif;font-size:13px;line-height:22px;table-layout:auto;width:100%;border:none;" width="100%">
<tbody>
<tr>
<td style="font-size:12px;font-weight:700;width:40%;vertical-align:baseline;padding:10px 0 0 0">
FTSE 100
</td>
<td style="font-size:12px;color:#16B166;font-weight:500;font-family:Trispace,monospace;width:30%;vertical-align:baseline;padding:10px 0 0 0">
0.59% ▲
</td>
<td style="font-size:12px;width:30%;vertical-align:baseline;text-align:right;padding:10px 0 0 0;font-family:Trispace,monospace">
10,911
</td>
</tr>
<tr>
<td style="font-size:12px;font-weight:700;width:40%;vertical-align:baseline;padding:10px 0 0 0">
BRENT OIL
</td>
<td style="font-size:12px;color:#16B166;font-weight:500;font-family:Trispace,monospace;width:30%;vertical-align:baseline;padding:10px 0 0 0">
3.39% ▲
</td>
<td style="font-size:12px;width:30%;vertical-align:baseline;text-align:right;padding:10px 0 0 0;font-family:Trispace,monospace">
$73.24
</td>
</tr>
<tr>
<td style="font-size:12px;font-weight:700;width:40%;vertical-align:baseline;padding:10px 0 0 0">
US BONDS*
</td>
<td style="font-size:12px;color:#16B166;font-weight:500;font-family:Trispace,monospace;width:30%;vertical-align:baseline;padding:10px 0 0 0">
0.05% ▼
</td>
<td style="font-size:12px;width:30%;vertical-align:baseline;text-align:right;padding:10px 0 0 0;font-family:Trispace,monospace">
3.97%
</td>
</tr>
<tr>
<td colspan="3" style="font-size:10px;font-family:Trispace,monospace;color:#7F879C;padding:0">
*10-year government yield
</td>
</tr>
</tbody>
</table>
</td>
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</table>
</td>
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</tbody>
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</p>
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<div style="font-family:Inter,sans-serif;font-size:14px;font-weight:700;line-height:1.5;text-align:left;color:#181c25;">
WALL STREET FEAR GAUGE INDEX
(
<a style="font-weight:400;font-family:Trispace,monospace">
VIX
</a>
)
</div>
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<div style="font-family:Inter,sans-serif;font-size:14px;line-height:1.5;text-align:left;color:#000000;">
<p data-block-key="10zqs">
🪓 Fintech firm Block said it’ll cut nearly half of its workforce, trusting AI to pick up the slack
</p>
<p data-block-key="1svha">
💰 Netflix backed
out of the Warner Bros. bidding war, leaving Paramount holding the highest offer
</p>
<p data-block-key="eil2u">
<b>
👇 Keep reading to find out more
</b>
</p>
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👀
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<span style="font-style:italic">
Today's headlines
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Chopping Block
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<img alt="Chopping Block" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Ffinimize-img.imgix.net%252Fhttps%253A%252F%252Fchivas-assets.s3-eu-west-1.amazonaws.com%252Fstatic%252Fimages%252FEditorial-270226-Choppingblock_1.original.png%253Ffit%253Dcrop%2526h%253D600%2526ixlib%253Dpython-3.1.2%2526w%253D1200%2526s%253D1ec2d9c9f0c587633cba0b51c801c35d/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZmaW5pbWl6ZS1pbSIsInRpbWUiOjE3NzIyMzU1NDQuMjMwOTg3fQ:1vw7QG:4UAFv58wFlUDRL5DeM32Th5I_lmoF5u27-D9h5uobGc" style="border:0;display:block;outline:none;text-decoration:none;height:auto;width:100%;font-size:13px;" width="568"/>
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<p data-block-key="2kfv8">
<b>
What’s going on here?
</b>
</p>
<p data-block-key="dt3hf">
Fintech firm
<b>
Block
</b>
said it’ll cut costs by replacing nearly half of its workforce with AI – and investors rewarded the company for swinging the ax.
</p>
<p data-block-key="45scv">
<b>
What
does this mean?
</b>
</p>
<p data-block-key="15t3s">
Block is the payments giant behind Cash App, Square, and Afterpay – so it knows a thing or two about watching
<i>
your
</i>
outgoings. And as it turns out, it’s been casting a pretty critical eye over its own lately.
</p>
<p data-block-key="1ud67">
► On Thursday, the firm announced 4,000 job cuts, trusting AI to pick up the workload instead. Block says it’ll be a more nimble operation that way – even lifting this year’s profit outlook by $200 million,
despite the restructuring costing it some $500 million.
</p>
<p data-block-key="4ud5l">
<b>
Why should I care?
</b>
</p>
<p data-block-key="fufbl">
<b>
<i>
Zooming in:
</i>
</b>
<i>
The dominoes might fall.
</i>
</p>
<p data-block-key="9ale0">
Block’s CEO believes he’s a bit of a trendsetter, saying more firms will start swapping humans out for bots this year. You can see why they would: leaner teams mean lower costs – robots don’t need benefits or bathroom breaks, after all. And if Block’s announcement is
anything to go by, companies will have another incentive to bring out the pink slips… Investors rewarded the fintech firm’s decision by pushing its stock up around 13%, expecting more productivity and therefore more profit.
</p>
<p data-block-key="bbnme">
<b>
<i>
The bigger picture:
</i>
</b>
<i>
All that glitters ain’t gold, man.
</i>
</p>
<p data-block-key="4c1o4">
<b>
Goldman Sachs
</b>
seems to see the case for welcoming AI into the workforce. The big bank believes the tech will help companies make more
with less – which it says could make the global economy about 7% (or $7 trillion) bigger over the next decade.
</p>
<p data-block-key="8kuou">
<b>
⚠️
</b>
But there’s a reason why so many of today’s dystopias put AI in the villain role. Everyday spending on goods and services drives around two-thirds of the US economy – so if a lot of Americans lose their jobs and need to shut their wallets, the whole economy could start to slow.
</p>
</div>
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You might also like ⇢
<a>
Ray
Dalio’s All-Weather Portfolio Works In Any Market – And This Tweak Makes It Even Better
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<div style="font-family:Inter,sans-serif;font-size:14px;line-height:1.5;text-align:left;color:#000000;">
<h2 data-block-key="vhkot">
Block’s got a crypto-heavy backstory – it literally rebranded from Square to lean into blockchain.
</h2>
<p data-block-key="fshhs">
Now, as AI
shakes up jobs and paychecks, the question of what actually counts as money – and who controls it – matters more than ever.
</p>
<p data-block-key="e7v1">
If you’re wondering whether bitcoin has a real role in that future (beyond the hype), catch up on our “
<a>
Crypto In A Modern Portfolio
</a>
” episode for a clear, actionable framework.
</p>
</div>
</td>
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<tr>
<td align="center" style="font-size:0px;padding:10px 25px;word-break:break-word;">
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<a style="display:inline-block;background:#204CE9;color:#ffffff;font-family:Inter,
sans-serif;font-size:13px;font-weight:700;line-height:1.2;margin:0;text-decoration:none;text-transform:none;padding:10px 25px;mso-padding-alt:0px;border-radius:1000rem;" target="_blank">
<span style="color:#FFFFFF">
Watch It Here
</span>
</a>
</td>
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Chart
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👀
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<span style="font-style:italic">
Today's headlines
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<span style="background-color:#EFFF0D;display:inline">
Tuned Out
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</mj-raw>
</div>
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<div style="font-family:Inter,sans-serif;font-size:14px;line-height:1.5;text-align:left;color:#000000;">
<p data-block-key="pn717">
<b>
What’s going on here?
</b>
</p>
<p data-block-key="4p9gc">
<b>
Netflix
</b>
stopped entertaining the
<b>
Warner Bros. Discovery
</b>
bidding war, leaving
<b>
Paramount
</b>
to carry the rest of the plot.
</p>
<p data-block-key="8f8fb">
<b>
What does this
mean?
</b>
</p>
<p data-block-key="24fh5">
Warner Bros. had two offers on the table: Paramount’s
<a>
bid
</a>
for the entire business, and Netflix’s offer to buy just the studio and streaming arms. The in-demand media firm deemed Paramount’s proposal superior – no surprise, since it
came with a higher price per share.
</p>
<p data-block-key="4rhqd">
▶ Now that Netflix has bowed out, Paramount suddenly looks like the likely new owner. So long as US and European regulators sign off, that is.
</p>
<p data-block-key="8q6u6">
<b>
Why should I care?
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<b>
<i>
For markets:
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</b>
<i>
Know when to fold ‘em.
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</p>
<p data-block-key="fa9r6">
Investors clearly liked Netflix’s self-control, pushing its shares up around 10% after the streaming giant walked away.
After all, that decision means no giant price tag, no extra debt, and no new years of regulatory grief – all things that would’ve come part and parcel with the deal. Instead, Netflix will put its cash where shareholders want it: the firm said it’ll resume its buyback program, after putting it on ice in December when this whole bidding business started.
</p>
<p data-block-key="54apk">
▶ Netflix does still have more making up to do, though. Even after Friday’s boost, its stock is still about 16%
below where it was before rumors of the deal first started swirling in October.
</p>
<p data-block-key="8etug">
<b>
<i>
Zooming out:
</i>
</b>
<i>
Paramount won, and you lost.
</i>
</p>
<p data-block-key="es734">
Netflix’s investors might have been happy to not take this risk this time, but this sort of deal
<i>
can
</i>
pay off for the buyer – in this case, Paramount. A bigger media library lets a company spread its fixed costs out over more subscribers, squeeze better terms out of advertisers and
distributors, and stitch its services into more compelling bundles.
</p>
<p data-block-key="2fo98">
⚠️ Although, with more power comes… well, more power: the more must‑watch stuff that a media firm controls, the more it can charge you to watch it.
</p>
</div>
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You might also like ⇢
<a>
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<div style="font-family:Inter,sans-serif;font-size:14px;font-weight:bold;line-height:1.5;text-align:left;text-transform:uppercase;color:#030303;">
<mj-raw>
<span style="font-style:normal">
✨
</span>
<span style="font-style:italic">
Sarah's Digest
</span>
</mj-raw>
</div>
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</tr>
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<div style="font-family:Trispace,monospace;font-size:12px;line-height:1.5;text-align:left;color:#5E6984;">
What others like you are reading today...
</div>
</td>
</tr>
<tr>
<td align="left" style="font-size:0px;padding:10px 25px;padding-right:0;padding-bottom:0;padding-left:0;word-break:break-word;">
<div style="font-family:Inter,sans-serif;font-size:14px;line-height:1.5;text-align:left;color:#000000;">
💰
<a>
Meta Pays Billions To Rent Google’s AI Chips
</a>
</div>
</td>
</tr>
<tr>
<td align="left" style="font-size:0px;padding:10px 25px;padding-right:0;padding-left:0;word-break:break-word;">
<div style="font-family:Inter,sans-serif;font-size:14px;line-height:1.5;text-align:left;color:#5E6984;">
Meta is tapping Google’s TPUs to train new AI models as Google lines up investors to lease its chips to more customers.
</div>
</td>
</tr>
<tr>
<td align="left" style="font-size:0px;padding:10px 25px;padding-right:0;padding-bottom:0;padding-left:0;word-break:break-word;">
<div style="font-family:Inter,sans-serif;font-size:14px;line-height:1.5;text-align:left;color:#000000;">
🤝
<a>
OpenAI Weighs A Pentagon Deal For Classified AI Use
</a>
</div>
</td>
</tr>
<tr>
<td align="left" style="font-size:0px;padding:10px 25px;padding-right:0;padding-left:0;word-break:break-word;">
<div style="font-family:Inter,sans-serif;font-size:14px;line-height:1.5;text-align:left;color:#5E6984;">
Sam Altman says OpenAI is in talks with the US Defense Department, with contract limits that rule out domestic surveillance and autonomous offensive weapons.
</div>
</td>
</tr>
<tr>
<td align="left" style="font-size:0px;padding:10px 25px;padding-right:0;padding-bottom:0;padding-left:0;word-break:break-word;">
<div style="font-family:Inter,sans-serif;font-size:14px;line-height:1.5;text-align:left;color:#000000;">
👀
<a>
Hot PPI And Big Tech Swings Put Stocks On Edge
</a>
</div>
</td>
</tr>
<tr>
<td align="left" style="font-size:0px;padding:10px 25px;padding-right:0;padding-left:0;word-break:break-word;">
<div style="font-family:Inter,sans-serif;font-size:14px;line-height:1.5;text-align:left;color:#5E6984;">
Wholesale inflation ran hotter than expected, pushing futures lower as oil jumped and earnings whiplash hit names like Dell, Duolingo, and CoreWeave.
</div>
</td>
</tr>
<tr>
<td align="left" style="font-size:0px;padding:10px 25px;padding-right:0;padding-bottom:0;padding-left:0;word-break:break-word;">
<div style="font-family:Inter,sans-serif;font-size:14px;line-height:1.5;text-align:left;color:#000000;">
📈
<a>
Japan’s Nikkei Hits Another Record, Nearing 60,000
</a>
</div>
</td>
</tr>
<tr>
<td align="left" style="font-size:0px;padding:10px 25px;padding-right:0;padding-left:0;word-break:break-word;">
<div style="font-family:Inter,sans-serif;font-size:14px;line-height:1.5;text-align:left;color:#5E6984;">
Strong earnings expectations and a bigger Sony buyback kept stocks rising, even as chip names lagged after a US tech selloff.
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<tbody>
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<div style="font-family:Inter,sans-serif;font-size:14px;font-weight:bold;line-height:1.5;text-align:left;text-transform:uppercase;color:#030303;">
<mj-raw>
<span style="font-style:normal">
🖋️
</span>
<span style="font-style:italic">
Quote
of the day
</span>
</mj-raw>
</div>
</td>
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<div style="font-family:Inter,sans-serif;font-size:14px;line-height:1.5;text-align:left;color:#000000;">
<strong>
"The world of reality has its limits; the world of imagination is boundless."
</strong>
– Jean-Jacques Rousseau (a Genevan philosopher)
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<tbody>
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<tbody>
<tr>
<td align="left" style="font-size:0px;padding:10px 25px;padding-top:0;padding-right:0;padding-bottom:0;padding-left:0px;word-break:break-word;">
<div style="font-family:Inter,sans-serif;font-size:14px;font-weight:bold;line-height:1.5;text-align:left;text-transform:uppercase;color:#030303;">
<mj-raw>
<span style="font-style:normal">
🎯
</span>
<span style="font-style:italic">
On Our
Radar
</span>
</mj-raw>
</div>
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<tbody>
<tr>
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<tbody>
<tr>
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<div style="font-family:Inter,sans-serif;font-size:14px;line-height:1.5;text-align:left;color:#000000;">
<p data-block-key="aaghi">
1.
<b>
Gen Z gets it right sometimes.
</b>
Japanese listening bars
<a>
are going global
</a>
.
</p>
<p data-block-key="7dm76">
2.
<b>
Special skills: slo-mo running.
</b>
Inside the
<a>
casting call for the “Baywatch” reboot
</a>
.
</p>
<p data-block-key="3ehjb">
3.
<b>
Crypto Caribbean.
</b>
A bitcoin baron wants to turn an island into his own
<a>
Bond villain sanctuary
</a>
.
</p>
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<div style="font-family:Inter,sans-serif;font-size:14px;line-height:1.5;text-align:left;color:#000000;">
Stay classy,
<mj-raw>
Sarah
</mj-raw>
😉 This issue of the Daily Brief was curated by
<a style="color:inherit;font-weight:inherit">
Naomi
</a>
and
<a style="color:inherit;font-weight:inherit">
Russell
</a>
. Got an idea? A question?
<a>
Get in touch
</a>
.
</div>
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<td style="direction:ltr;font-size:0px;padding:0 16px;text-align:center;">
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<tr>
<td style="border-top:2px solid #204CE9;direction:ltr;font-size:0px;padding:20px 0;padding-bottom:0;padding-top:8px;text-align:center;">
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<tr>
<td align="left" style="font-size:0px;padding:10px 25px;padding-top:0;padding-right:0;padding-bottom:0;padding-left:0px;word-break:break-word;">
<div style="font-family:Inter,sans-serif;font-size:14px;font-weight:bold;line-height:1.5;text-align:left;text-transform:uppercase;color:#030303;">
<mj-raw>
<span style="font-style:normal">
💌
</span>
<span style="font-style:italic">
THAT
WAS GREAT FOR US... HOW WAS IT FOR YOU?
</span>
</mj-raw>
</div>
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</tr>
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